Sage Mountain Advisors LLC Increases Holdings in The Home Depot, Inc. $HD

Sage Mountain Advisors LLC increased its stake in The Home Depot, Inc. (NYSE:HD) by 24.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 12,252 shares of the home improvement retailer’s stock after buying an additional 2,380 shares during the quarter. Sage Mountain Advisors LLC’s holdings in Home Depot were worth $4,964,000 as of its most recent filing with the SEC.

A number of other large investors have also added to or reduced their stakes in the company. Brighton Jones LLC grew its stake in Home Depot by 36.5% during the 4th quarter. Brighton Jones LLC now owns 26,918 shares of the home improvement retailer’s stock valued at $10,471,000 after purchasing an additional 7,203 shares in the last quarter. Sivia Capital Partners LLC increased its holdings in shares of Home Depot by 7.1% in the 2nd quarter. Sivia Capital Partners LLC now owns 2,598 shares of the home improvement retailer’s stock valued at $952,000 after acquiring an additional 173 shares during the last quarter. Exchange Traded Concepts LLC raised its position in shares of Home Depot by 161.9% during the 2nd quarter. Exchange Traded Concepts LLC now owns 3,433 shares of the home improvement retailer’s stock valued at $1,259,000 after acquiring an additional 2,122 shares in the last quarter. CX Institutional raised its position in shares of Home Depot by 8.8% during the 2nd quarter. CX Institutional now owns 23,869 shares of the home improvement retailer’s stock valued at $8,751,000 after acquiring an additional 1,923 shares in the last quarter. Finally, Matrix Trust Co lifted its stake in Home Depot by 4.0% during the second quarter. Matrix Trust Co now owns 5,614 shares of the home improvement retailer’s stock worth $2,058,000 after purchasing an additional 214 shares during the last quarter. 70.86% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, EVP Ann Marie Campbell sold 145 shares of the business’s stock in a transaction that occurred on Thursday, December 11th. The shares were sold at an average price of $358.26, for a total value of $51,947.70. Following the sale, the executive vice president directly owned 12,320 shares in the company, valued at $4,413,763.20. The trade was a 1.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Angie Brown sold 1,946 shares of the business’s stock in a transaction dated Friday, December 12th. The stock was sold at an average price of $357.63, for a total value of $695,947.98. Following the sale, the executive vice president owned 3,941 shares in the company, valued at approximately $1,409,419.83. The trade was a 33.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 4,963 shares of company stock worth $1,748,845. 0.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. DZ Bank reissued a “sell” rating on shares of Home Depot in a report on Tuesday, November 18th. Piper Sandler dropped their price objective on shares of Home Depot from $450.00 to $441.00 and set an “overweight” rating on the stock in a research note on Wednesday, December 10th. Argus lowered their target price on Home Depot from $450.00 to $425.00 and set a “buy” rating for the company in a report on Thursday, November 20th. Robert W. Baird cut their price target on Home Depot from $450.00 to $415.00 and set an “outperform” rating on the stock in a report on Wednesday, November 19th. Finally, Wells Fargo & Company dropped their price objective on shares of Home Depot from $400.00 to $395.00 and set an “overweight” rating on the stock in a report on Wednesday, December 10th. Twenty-two investment analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and two have issued a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $403.17.

Home Depot Trading Down 1.4%

Shares of NYSE:HD opened at $373.94 on Tuesday. The company has a 50 day moving average of $355.04 and a 200-day moving average of $378.25. The company has a current ratio of 1.05, a quick ratio of 0.29 and a debt-to-equity ratio of 3.82. The firm has a market cap of $372.26 billion, a P/E ratio of 25.93, a P/E/G ratio of 14.16 and a beta of 1.08. The Home Depot, Inc. has a twelve month low of $326.31 and a twelve month high of $426.75.

Home Depot (NYSE:HD) last released its earnings results on Tuesday, November 18th. The home improvement retailer reported $3.74 earnings per share for the quarter, missing analysts’ consensus estimates of $3.83 by ($0.09). The firm had revenue of $41.35 billion during the quarter, compared to analyst estimates of $41.06 billion. Home Depot had a return on equity of 160.74% and a net margin of 8.77%.The business’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the company earned $3.78 earnings per share. Home Depot has set its FY 2025 guidance at 14.478-14.478 EPS. As a group, analysts anticipate that The Home Depot, Inc. will post 15.13 earnings per share for the current fiscal year.

Home Depot Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, December 18th. Investors of record on Thursday, December 4th were issued a dividend of $2.30 per share. This represents a $9.20 dividend on an annualized basis and a yield of 2.5%. The ex-dividend date of this dividend was Thursday, December 4th. Home Depot’s payout ratio is presently 62.71%.

Home Depot Company Profile

The Home Depot, Inc (NYSE: HD) is a leading home improvement retailer that operates large-format stores and an integrated online platform offering a broad range of products and services for do-it-yourself consumers, professional contractors and businesses. The company was founded in 1978 by Bernard Marcus and Arthur Blank and is headquartered in Atlanta, Georgia. Since opening its first stores at the end of the 1970s, Home Depot has grown into a multinational retailer known for its orange-branded stores and wide assortment of home improvement merchandise.

Home Depot’s core business includes the sale of building materials, lumber, tools, hardware, appliances, paint, plumbing and electrical supplies, lawn and garden products, and home décor.